Inflation on the Rise: Housing, Transport, and Financial Services Push Costs Higher In June, monthly inflation in Buenos Aires increased to 2.1 percent, as reported by the official statistics bureau of City Hall. The figure reflects a half-point decrease from the previous month, during which consumer prices experienced a rise of 1.6 percent. In April, … Read more
The rise in credit card defaults observed in Argentina during April, which persisted through May and June, raises concerns regarding sustained consumer spending in the forthcoming months and may also have implications for the financial sector’s market performance. The consulting firm Labor, Capital and Growth (LCG) highlights in its latest report that the issue, as … Read more
Argentina is contesting a US judge’s directive to relinquish 51% of shares in YPF in the expropriation matter; Milei is directing blame towards Kicillof and Fernández de Kirchner as concerns regarding the implications of the ruling intensify. Argentina has officially requested that US Judge Loretta Preska pause the decision mandating the transfer of 51 percent … Read more
President Javier Milei on Thursday called on his Mercosur partners to advocate for increased trade openness within the bloc while hosting his fellow leaders of the South American group in Buenos Aires. In a typically forceful opening speech, the La Libertad Avanza leader cautioned that his government would pursue that goal unilaterally if necessary, suggesting … Read more
The Mercosur bloc and the European Free Trade Association (EFTA), which includes Norway, Switzerland, Iceland, and Liechtenstein, have successfully finalized negotiations regarding a free-trade agreement. Foreign Minister Gerardo Werthein confirmed the news in a statement issued on Wednesday as the nation hosted the semi-annual Mercosur summit at the Palacio San Martín in Buenos Aires, stating … Read more
Argentina is required to relinquish its controlling stake in the prominent energy firm YPF SA within two weeks, following a New York judge’s ruling in favor of litigators in a US$16-billion judgment. This decision poses a significant challenge for President Javier Milei ahead of important midterm elections. Judge Loretta Preska ordered Milei’s government to transfer … Read more
With a 1.9% increase over the previous month, Argentina’s economy expanded at a faster rate than anticipated in April following President Javier Milei’s decision to relax certain currency controls, which is part of a US$20-billion agreement with the International Monetary Fund. Following a significant contraction last year at the onset of Milei’s austerity measures, economic … Read more
An EU spokeswoman stated on Monday that the European Commission is set to present EU states with the final legal version of a trade deal with South American nations “in the coming days.” After twenty-five years of negotiations, Brussels finalized an agreement with Mercosur bloc members Argentina, Brazil, Paraguay, and Uruguay in December of the … Read more
A new agreement aims to enhance investment and collaboration within Argentina’s mining sector, positioning it as a potential pivotal contributor to the global energy transition for France. Argentina’s government has formalized an agreement with France aimed at enhancing collaboration between the two countries in the realm of critical minerals, notably lithium. Representatives from both governments … Read more
China has secured an unusual shipment of soybean meal from Argentina, as it aims to ensure a steady supply of this essential animal feed component during its ongoing trade conflict with the United States. A group of Chinese traders and feed producers has collectively placed an order for a trial shipment from the leading global exporter … Read more